Cushman & Wakefield releases U.S. senior living & care report
Cushman & Wakefield has released its U.S. Senior Living & Care Investor Survey and Trends Report, indicating continued strong performance of the seniors housing asset class with stabilized occupancy trending upward for the 10th consecutive quarter, reaching 85 percent for primary markets and 87 percent for secondary markets.
The Northeast markets are expected to show the strongest near-term performance, while the Southwest and Southeast markets are anticipated to experience downward pressure on occupancy and rent growth in the near term as new supply is introduced.
Construction starts have receded to the lowest levels since the great financial crisis, but demand persists and is expected to continue to accelerate, driving continued improvement in property market fundamentals for the remaining months of 2023 and into 2024.
“The slowing of construction bodes well for owners, as it will only amplify supply shortages as the population continues to